ANNOUNCED AS TEMPORARYNo
FDI: Treatment and operations, nes
On June 4, 2013, Brazil's Finance minister, Mr. Guido Mantega, announced the elimination of the country's foreign investment tax (Imposto sobre Operaçőes Financeiras, IOF) on fixed income funds, which previously stood at 6 per cent. On June 5, with the adoption of Presidential Decree no. 8023/2013, the measure entered into force.
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